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Nonprofiteer
← COLORADO RIVERFRONT FOUNDATION INC

Form 990 for tax year 2023

Filed by COLORADO RIVERFRONT FOUNDATION INC.

Totals

Total revenue
$181,022
Total expenses
$167,778
Contributions and grants received
$78,147
Grants paid
$61,000
Program service revenue
$76,583
Investment income
$26,292
Other revenue
$0
Total assets, end of year
$1,044,441
Total liabilities, end of year
$98
Net assets or fund balances, end of year
$1,044,343
Program services expenses (Part IX)
$158,043
Management and general expenses
$4,948
Fundraising expenses
$4,787
Program service expenses (Part III)
$158,043

Program services were 94.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $200

  • 1f · All other contributions, gifts and grants

    $77,947

  • 2a · Program service revenue: CRCS

    total $76,583 · related or exempt $76,583

  • 3 · Investment income

    total $25,792 · related or exempt $25,792

  • 7a · Gross sales of assets other than inventory

    securities $631,952

  • 7b · Less cost or other basis and sales expenses

    securities $631,452

  • 7c · Gain or loss

    securities $500

  • 7d · Net gain or loss

    total $500 · related or exempt $500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $61,000 · program services $61,000

  • 11c · Fees: accounting

    total $1,600 · management and general $1,600

  • 12 · Advertising and promotion

    total $197 · management and general $72 · fundraising $125

  • 13 · Office expenses

    total $2,455 · management and general $616 · fundraising $1,839

  • 14 · Information technology

    total $4,582 · management and general $1,759 · fundraising $2,823

  • 19 · Conferences, conventions and meetings

    total $30 · management and general $30

  • 24a · Other expenses: CONCERT EXPENSE

    total $94,311 · program services $94,311

  • 24b · Other expenses: BENCHES & PLAQUES

    total $1,683 · program services $1,683

  • 24c · Other expenses: COMPUTER

    total $1,066 · program services $650 · management and general $416

  • 24d · Other expenses: MISC

    total $701 · program services $382 · management and general $319

  • 24e · All other expenses

    total $153 · program services $17 · management and general $136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $203,537 · end of year $116,114

  • 2 · Savings and temporary cash investments

    beginning of year $434,025 · end of year $518,343

  • 11 · Investments: publicly traded securities

    beginning of year $311,624 · end of year $341,865

  • 12 · Investments: other securities

    beginning of year $60,339 · end of year $68,119

  • 17 · Accounts payable and accrued expenses

    beginning of year $648 · end of year $98

  • 27 · Net assets without donor restrictions

    beginning of year $980,018 · end of year $1,012,963

  • 28 · Net assets with donor restrictions

    beginning of year $28,859 · end of year $31,380

Mission and programs · 2023

Mission

THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO RECLAIM THE COLORADO RIVERFRONT AND IN DOING SO, DEVELOP THE AREA TO ITS MAXIMUM RECREATION POTENTIAL, TO PRESERVE THE WILDLIFE AND ITS HABITAT, AND TO FOCUS THE PROGRESS AS A SOURCE OF COMMUNITY PRIDE AND ECONOMIC REVITALIZATION FOR THE ENTIRE GRAND VALLEY IN MESA COUNTY, COLORADO. IN ADDITION, THE PURPOSE IS TO FOSTER, FOR THE PEOPLE OF ALL AGES, THE PARK, RECREATION, LEISURE TIME FACILITIES AND OPPORTUNITIES WITHIN THE CITY OF GRAND JUNCTION, COUNTY OF MESA, STATE OF COLORADO AND THE AREAS SURROUNDING OR CONVENIENT THERETO.

Activities or mission (Part I)

THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO RECLAIM THE COLORADO RIVERFRONT.

  • COLORADO RIVERFRONT CONCERT SERIES- THE PURPOSE OF THIS CONCERT SERIES IS TO BRING THE COMMUNITY TO THE RIVERFRONT VENUE AND EDUCATE THEM ON OUR ONGOING RECLAMATION OF THE RIVER CORRIDOR, INCLUDING WILDLIFE HABITAT, TAMARISK AND NOXIOUS WEED REMOVAL, RECREATION OPPORTUNITIES ON OUR COMPLETED TRAILS, NEWLY COMPLETED TRAIL CONNECTIONS AND PROPOSED TRAIL CONNECTIONS. DURING OUR 24 YEARS OF THE COLORADO RIVERFRONT CONCERT SERIES, WE HAVE SEEN OUR NUMBER OF ATTENDANCE INCREASE FROM JUST A FEW HUNDRED ATTENDEES TO APPROXIMATELY 1,600 ATTENDEES FOR EACH OF OUR TWO CONCERTS DURING MAY, JUNE AND AUGUST.

    Expenses $156,360 · Grants $61,000

  • THE RIVERFRONT FOUNDATION PROVIDES FUNDS FOR TRAIL EASEMENTS, EASEMENT /LAND APPRAISALS, LAND ACQUISITIONS, TRAIL BUILDING AND TRAIL REPAIR WHICH IS PART OF OUR ONGOING EFFORT TO RECLAIM THE RIVER CORRIDOR, INCLUDING WILDLIFE HABITAT, TAMARISK AND NOXIOUS WEED REMOVAL, RECREATION OPPORTUNITIES ON OUR COMPLETED TRAILS, NEWLY COMPLETED TRAIL CONNECTIONS AND PROPOSED TRAIL CONNECTIONS.

    Expenses $1,683

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dennis Devore

    EMERITUS MEM

    Total calculated
    $0

  • Dr Bill Findlay

    VICE-PRES

    Total calculated
    $0

  • Mark Gardner

    DIRECTOR

    Total calculated
    $0

  • John Gormley

    PRESIDENT

    Total calculated
    $0

  • Will Hutchins

    EMERITUS MEM

    Total calculated
    $0

  • Dr Paul Jones

    EMERITUS MEM

    Total calculated
    $0

  • Patrick Kennedy

    DIRECTOR

    Total calculated
    $0

  • Brian Mahoney

    EMERITUS MEM

    Total calculated
    $0

  • Kurt Mill

    DIRECTOR

    Total calculated
    $0

  • Paul Nelson

    EMERITUS MEM

    Total calculated
    $0

  • William D Prakken

    DIRECTOR

    Total calculated
    $0

  • Katie Steele

    DIRECTOR

    Total calculated
    $0

  • Brad Taylor

    DIRECTOR

    Total calculated
    $0

  • Lenna Watson

    DIRECTOR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • RIVERS EDGE WEST RIVERS EDGE WEST

    $55,000

    2022 REW CONF FDING

  • RIVERFRONT COMMISSION RIVERFRONT COMMISSION

    $6,000

Provenance

Return type
form_990
Tax year
2023
Filed
12 September 2024
IRS schema version
2023v5.0
Source object
202402899349301330

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